XPRIMM News No. 374, 5 October, 2017

		Insurance Newsletter, No. 374, 5 October, 2017 Click here to subscribe! Click here to unsubscribe!

Live from the 9th International Istanbul Insurance Conference Main topics: 9th International Istanbul Insurance Conference by Adina TUDOR, 2017-10-05 Professionals and specialists from the Turkish and the global insurance and reinsurance markets gather between the 5th and the 6th of October in Turkey, at the 9th International Istanbul Insurance Conference. More The 9th International Istanbul Insurance Conference started today in Istanbul by Adina TUDOR, 2017-10-04 In emerging markets like Turkey, there can be a significant difference between the insured and total insurable losses. Parametric insurance is a smart way to close this protection gap. While the traditional products cover an insured loss, parametric products provide financial protection for various expenses from financial liabilities to contingent loss of profit which, in return, decreases the economic loss burden following a CAT event. More TOP NEWS Vienna Insurance Group launches an insurtech supporting programme by Vlad BOLDIJAR, 2017-10-05 Austrian insurer Vienna Insurance Group (VIG) announced it launched a collaboration program with the Leipzig-based Insurance Innovation Lab and SpinLab - The HHL Accelerator, on the lookout for promising insurtechs. More GENERALI will restore the heart of Venice with the launch of the global community initiative- The Human Safety Net by Mihaela CIRCU, 2017-10-04 GENERALI Group, one of the world's leading insurers, announced on 4 October, the launch of The Human Safety Net, a new flagship initiative to help some of the most vulnerable communities around the world. The project is based on the idea that communities of 'people helping people' can contribute to a sustainable change, enhancing GENERALI's commitment to a healthy, resilient and sustainable society. More STATISTICS: SLOVAK Rep., 1H2017: motor insurance line account for 57% of non-life insurers' GWP and 80% of claims by Vlad BOLDIJAR, 2017-10-05 In 1H2017, the Slovak insurance market totaled EUR 1.06 billion (11.8% more y-o-y), while the value of paid claims was of EUR 575 million, according to the preliminary financial figures provided by the National Bank of Slovakia. More STATISTICS: ROMANIA, 1H2017: insurance market maintained its growth momentum by Vlad BOLDIJAR, 2017-10-05 Romanian insurers reported a total GPW of RON 5.04 billion (about EUR 1.10 billion), up 8.02% y-o-y, in 1H2017, according to data published by ASF, the market maintaining its growth momentum. More STATISTICS: MACEDONIA, 1H2017: Insurance brokers dominate life insurance distribution; direct sales preferred by non-life insurers by Vlad BOLDIJAR, 2017-10-05 Macedonian insurers' GWP increased by 3.13% y-o-y, to MKD 4.62 billion (EUR 74.95 million) in 1H2017, according to the market data provided by the country's insurance supervisory agency. More CROATIA Osiguranje: "Green light" to take over the Croatian subsidiary of BNP PARIBAS by Vlad BOLDIJAR, 2017-10-04 CROATIA Osiguranje (CO) has received the approval from Croatian Financial Market Authority (HANFA) to acquire more than 50 % of the shares of the local French unit of BNP PARIBAS - CARDIF Osiguranje. More Slovak Telekom and Generali : new co-branded product for mobile phones by Daniela GHETU, 2017-10-05 Slovak Telekom has launched in cooperation with the insurance company GENERALI a new insurance service for mobile phones up to two years old, announces the Slovak press. More STATISTICS: TURKEY, 1H2017: Life insurance share in total GWP reached 14% due to the strongs increase in premiums by Vlad BOLDIJAR, 2017-10-05 The first half of 2017 represented for the Turkish insurance market a nominal growth in GWP of almost 12% to TRY 23.1 billion (EUR 5.8 billion), according to the data published by TSB - the local professional association. More STATISTICS: XPRIMM Insurance Report 1H2017: CIS insurance markets totaled EUR 11.5 billion by mid-year by Vlad BOLDIJAR, 2017-10-05 The CIS insurance market totaled about EUR 11.5 billion at the end of June 2017, up by 14.3% y-o-y, according to the preliminary figures centralized by XPRIMM. Claims paid increased by about 17%, to EUR 4.6 billion. More Only two insurance brands ranked in "Top 100 Best Global Brands 2017" by Vlad BOLDIJAR, 2017-10-05 According to the "Top 100 Best Global Brands 2017" recently presented by Interbrand, only 12 names belong to the financial services industry, of which, only two are from the insurance sector. More Preparing for the "hard Brexit" scenario, insurers seek a new home for their European operations by Daniela GHETU, 2017-10-05 While Brexit negotiations are far from reaching any concrete form and the very much needed "transition or implementation period" remains under a big question mark, insurers are already preparing for the worst scenario - the "hard Brexit". More GENERALI will put into run-off GENERALI Leben portfolio as of Q1 2018 by Vlad BOLDIJAR, 2017-10-04 Italian insurer GENERALI announced GENERALI Deutschland, Germany's second-largest primary insurance group, will launch "the next phase of its industrial transformation to strengthen its operating performance and increase long-term value creation". More Aon's acquisition of PORTUS Consulting approved by FCA by Vlad BOLDIJAR, 2017-10-04 The risk and insurance brokerage services provider AON said that the Financial Conduct Authority (FCA) has approved Aon's purchase of PORTUS Consulting - an independent UK-based employee benefits firm. More Willis Towers Watson: new reinsurance hub for the German speaking regions by Daniela GHETU, 2017-10-05 Willis Towers Watson has launched a new hub to focus on facultative reinsurance business across the German-speaking 'DACH' region of Germany, Austria, and Switzerland. More ON THE MOVE Chris PARSONS to join TRUST Re's Board of Directors by Vlad BOLDIJAR, 2017-10-04 Reinsurer TRUST Re announced the appointment of Professor Chris PARSONS as an independent non-executive Director for a full 3-year term. More Azeri ATESHGAH Insurance appoints Azer ALIYEV as Chairman of the Board by Daniela GHETU, 2017-10-04 Azer ALIYEV was appointed as new Chairman of the Board of ATESHGAH Insurance company, the company announced on October 2nd. More AIG announced changes to its organizational structure by Vlad BOLDIJAR, 2017-10-04 American International Group (AIG) announced that it is planning to make changes to its organizational structure. More

Slovenian eBusiness solutions provider PARSEK, Main Partner at IIF2017: "Insurance in the DIGITAL World" Conference by Daniela GHETU, 2017-10-05 PARSEK, a highly professional eBusiness solutions provider based in Slovenia, has decided to support IIF2017: Insurance in the DIGITAL World Conference. The event will take place in Vienna, on November 14. More INTERVIEW Hans FEYEN Director Head Agriculture RI Centre & Europe, Swiss Re Technology and digitization are the most important drivers to close the protection gap for agriculture in developing countries. As in developing countries agriculture is often small-scale, it needs technology to design and sell insurance products in an efficient way. More STATISTIC UPDATES Turkey 1H2017 Slovakia 1H2017 Romania 1H2017 Macedonia 1H2017   CIS 1H2017 XPRIMM EVENTS Insurance Conference - Republic of Moldova 10 October 2017, Chisinau, Republic of Moldova ICAR 2017 - The International CAtastrophic Risks Forum 18 October 2017, Bucharest, Romania Baden-Baden XPRIMM Reception 22 October 2017, Baden Baden, Germany AzRe Evening. 10 years of confidence 22 October 2017, Baden Baden, Germany IIF 2017 - Insurance in the Digital World 14 November 2017, Vienna, Austria PARTNER EVENTS Baden Baden Meetings 2017 22-26 October 2017, Baden Baden, Germany 2nd Annual Connected Claims Europe Summit 24-25 October, 2017, London, United Kingdom WorldPensionSummit 25-26 October 2017, Louwman Museum, The Hague, Netherlands Croatian Insurance Days 2017 8-10 November 2017, Opatija, Croatia PRESS CUTTINGS ARMENIA: Ingo Armenia plans to win leading positions in the country AZERBAIJAN eyes to introduce CAMELS model for calculating insurance premiums AZERBAIJAN: Compulsory car insurance grew by 24% this year BELARUS: Financial market activity depends on economic recovery BULGARIA: Shareholders approve delisting of Bulgarian insurer Euroins from BSE LATVIAN farmers oppose the need to buy insurance for vehicle, if it's not used on road SLOVENIA: Zavarovalnica Triglav tops the list of 100 largest insurers in the region TURKEY: Online insurance broker launches motor premium index TURKEY: Talks in progress with insurers on smart driver systems CURRENT XPRIMM REPORTS RUSSIA FY 2016 KAZAKHSTAN FY2015 & 1H2016 TURKEY FY2015 & 1H2016 ROMANIA FY2016 Ins. Report CEE, SEE & CIS – 1H2016 Motor Ins. Report FY2016 Property Ins. Report FY2016